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GIC to acquire 43% stake in Shinjuku property for 62.5b yen

Sovereign wealth fund will buy holding from Daiwa Office Investment Corporation; the two parties will manage Grade A office building jointly

Published Tue, Dec 19, 2017 · 09:50 PM

GIC

Singapore

SINGAPORE'S sovereign wealth fund GIC will acquire a 43 per cent stake in Shinjuku MAYNDS Tower, a large-scale Grade A office property in Tokyo, from Daiwa Office Investment Corporation for 62.5 billion yen (S$747.7 million).

Daiwa Office Investment Corporation will retain the same stake as that of GIC, with the remaining…

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Property

Property

GIC to acquire 43% stake in Shinjuku property for 62.5b yen

Property

DBS puts 46 retail units, HDB shops on market for S$210 million

US mortgage rates jump above 7% for the first time this year

Far East Shopping Centre back on market at unchanged S$928 million asking price

London mansions sold at 30% discount spell gloom for luxury market

Delfi Orchard up for collective sale at S$438 million guide price

US existing home sales drop in March; median price increases

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